Zhaoyang Technology disclosed its semi-annual report. In the first half of 2026, the company achieved operating revenue of 804 million yuan, down 8.03% year-on-year. Net profit attributable to the parent was 7.41 million yuan, down 85.87% year-on-year. During the reporting period, the year-on-year decline in net profit attributable to the parent was mainly affected by three overlapping factors. First, overseas business revenue accounted for a relatively high proportion and was settled in US dollars. Fluctuations in the exchange rate between the renminbi and the US dollar intensified, especially with a rapid appreciation in the second quarter, resulting in significant exchange losses. Second, the purchase prices of core raw materials rose significantly year-on-year and supply was tight, while product price adjustments lagged, leading to a narrowing of gross margin year-on-year. Third, affected by earlier stockpiling, some overseas customers were still in an inventory digestion cycle, and overall shipment volumes experienced a slight phased decline year-on-year.
Risuntek IncNet profit attributable to parent fell 85.87% year-on-year due to exchange losses, higher raw material costs, and lower shipments.